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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Interest and fees on loans and leases $ 223,470 $ 235,174 $ 444,611 $ 481,167
Interest and dividends on investment securities:        
Taxable 14,619 9,015 27,731 25,620
Exempt from federal income tax 1,487 1,520 3,021 3,082
Dividends 405 568 1,003 1,246
Interest on temporary investments and interest bearing deposits 774 403 1,398 3,734
Total interest income 240,755 246,680 477,764 514,849
INTEREST EXPENSE        
Interest on deposits 7,016 26,222 17,694 66,512
Interest on securities sold under agreement to repurchase and federal funds purchased 68 194 144 589
Interest on borrowings 866 3,839 2,638 7,885
Interest on junior subordinated debentures 3,042 3,922 6,094 8,825
Total interest expense 10,992 34,177 26,570 83,811
Net interest income 229,763 212,503 451,194 431,038
(RECAPTURE) PROVISION FOR CREDIT LOSSES  (22,996) 87,085 (22,996) 205,170
Net interest income after (recapture) provision for credit losses 252,759 125,418 474,190 225,868
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 44,443 83,877 109,476 101,417
Gain on sale of debt securities, net 0 323 4 190
Gain (loss) on equity securities, net 4 240 (702) 1,054
Gain on loan and lease sales, net 5,318 1,074 6,691 2,241
Bank owned life insurance income 2,092 2,116 4,163 4,245
Total non-interest income 91,075 115,480 199,875 156,125
NON-INTEREST EXPENSE        
Salaries and employee benefits 121,573 116,676 245,707 226,450
Occupancy and equipment, net 34,657 36,171 69,292 73,172
Communications 3,004 2,939 5,767 6,067
Marketing 2,054 1,759 3,426 4,289
Services 13,512 10,356 24,262 21,126
FDIC assessments 1,607 3,971 4,206 6,513
Intangible amortization 1,130 1,246 2,260 2,493
Goodwill impairment 0 0 0 1,784,936
Other expenses 11,863 8,792 22,072 19,522
Total non-interest expense 189,400 181,910 376,992 2,144,568
Income (loss) before provision for income taxes 154,434 58,988 297,073 (1,762,575)
Provision for income taxes 38,291 6,062 73,193 36,446
Net income (loss) $ 116,143 $ 52,926 $ 223,880 $ (1,799,021)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.53 $ 0.24 $ 1.02 $ (8.17)
Diluted (in dollars per share) $ 0.53 $ 0.24 $ 1.01 $ (8.17)
Weighted average number of common shares outstanding:        
Basic (in shares) 220,593 220,210 220,481 220,213
Diluted (in shares) 221,022 220,320 220,928 220,213
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 10,310 $ 8,757 $ 19,957 $ 20,230
Card-based Fees        
NON-INTEREST INCOME        
Revenue from contract with customer 10,274 5,901 17,648 13,318
Brokerage revenue        
NON-INTEREST INCOME        
Revenue from contract with customer 1,135 3,805 5,050 7,820
Other income        
NON-INTEREST INCOME        
Revenue from contract with customer $ 17,499 $ 9,387 $ 37,588 $ 5,610